# Real Consequences of Shocks to Intermediaries Supplying Corporate Hedging Instruments
# by Hyeyoon JUNG

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** CITATION **
Hyeyoon JUNG
"Real Consequences of Shocks to Intermediaries Supplying Corporate Hedging Instruments"
Review of Financial Studies (Forthcoming).

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You can find the paper here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3796744

# Description and Notes

This is a replication package for my paper. Follow the steps to replicate all tables and figures in the paper.

1. Run Code/master_final.do to replicate all tables and figures except figures 1 and 2. Make sure to change the working directory in this file. Use Stata version 18.
2. Run Code/fx_volatility_final.m for Figure 1.
3. Use CapIn.xslx for Figure 2.
4. All data without copyright restrictions are shared. Copyrighted data are replaced with random numbers and labeled as "PSEUDO DATA." While all codes run with the pseudo-datasets, replicating the results requires the full data. Please refer to the Data Source section to obtain the full data. 